Herald Investment Trust

HRI · LSE · Financial Services / Asset Management

2,630.00GBX-75.00 (-2.77%)

Price History

Full chart

Market Stats

Previous Close2,705.00

Open2,673.58

Day Range2,630.00 – 2,745.00

52-Week Range2,285.00 – 3,290.74

Volume18.32K

Market Cap571.19M

P/E (TTM)3.34

Forward P/E0.00

EPS8.95

Dividend Yield0.00%

Beta0.69

50-Day Avg2,957.50

200-Day Avg2,820.11

About

Herald Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Herald Investment Management Limited. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the technology, telecommunications, and multi-media sectors. It primarily invests in stocks of small-cap companies having market capitalizations lower than £750 million. The fund benchmarks the performance of its portfolio against a composite benchmark comprised of 33.33% Russell 2000 Technology Index and 66.66% Numis Smaller Companies Index. Herald Investment Trust PLC was formed on February 16, 1994 and is domiciled in the United Kingdom.

Company Details

SectorFinancial Services
IndustryAsset Management
CEOMr. Fraser Royston Elms
Employees0
Headquarters10-11 Charterhouse Square, London, United Kingdom, EC1M 6EE, UK
Websitehttps://www.heralduk.com/funds/herald-investment-t

Leadership

Mr. Fraser Royston ElmsFund Manager

Financials

Income Statement

Currency: GBP	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: GBP	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	143.83M	21.20M	31.16M	28.03M	-27.78M	-118.91M	146.11M	145.58M	-15.91M	55.85M	132.10M	8.17M	51.88M	144.60M	203.67M	-47.34M	243.10M	406.60M	281.97M	-403.98M	63.34M	137.52M	114.50M
Growth (%)	-	-85.26%	+46.93%	-10.04%	-199.11%	-328.04%	+222.87%	-0.36%	-110.93%	+451.10%	+136.53%	-93.81%	+534.93%	+178.73%	+40.85%	-123.25%	+613.47%	+67.26%	-30.65%	-243.27%	+115.68%	+117.10%	-16.74%
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	0	0	7.34M	10.00K	10.31M	10.69M	12.22M	16.52M	14.03M	12.71M	13.24M	6.51M
Gross Profit	143.83M	21.20M	31.16M	28.03M	-27.78M	-118.91M	146.11M	145.58M	-15.91M	55.85M	132.10M	8.17M	51.88M	137.26M	203.66M	-57.65M	243.10M	406.60M	281.97M	-403.98M	63.34M	124.28M	107.99M
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	94.92%	100.00%	121.77%	100.00%	100.00%	100.00%	100.00%	100.00%	90.37%	94.31%
Operating Expense	2.99M	3.94M	4.02M	4.19M	4.52M	623.00K	2.79M	4.26M	5.10M	-2.67M	-2.74M	-2.35M	-1.33M	-7.98M	69.00K	-9.74M	833.00K	937.00K	1.07M	1.00M	13.35M	-10.48M	8.31M
Operating Income	140.84M	17.27M	27.14M	23.84M	-32.30M	-119.53M	143.31M	141.31M	-21.01M	58.52M	134.85M	10.52M	53.21M	145.24M	203.59M	-47.91M	242.26M	405.66M	280.90M	-404.99M	50.00M	134.76M	99.68M
Operating Margin	97.92%	81.43%	87.11%	85.06%	116.27%	100.52%	98.09%	97.07%	132.07%	104.78%	102.08%	128.71%	102.57%	100.44%	99.96%	101.20%	99.66%	99.77%	99.62%	100.25%	78.93%	97.99%	87.06%
EBITDA	140.84M	17.27M	27.14M	23.84M	-32.30M	-119.53M	143.31M	141.31M	-21.01M	13.89M	134.67M	8.73M	51.91M	136.72M	203.08M	-47.91M	242.26M	405.66M	280.88M	-404.99M	50.00M	134.76M	100.17M
EBITDA Margin	97.92%	81.43%	87.11%	85.06%	116.27%	100.52%	98.09%	97.07%	132.07%	24.88%	101.95%	106.88%	100.05%	94.55%	99.71%	101.20%	99.66%	99.77%	99.61%	100.25%	78.93%	97.99%	87.49%
Net Income	140.22M	16.73M	26.34M	23.46M	-34.32M	-121.80M	140.35M	138.34M	-24.13M	55.38M	131.55M	7.53M	51.19M	143.81M	202.82M	-48.34M	242.03M	405.36M	280.39M	-405.53M	48.12M	134.30M	98.47M
Net Income Margin	97.49%	78.90%	84.56%	83.70%	123.53%	102.43%	96.06%	95.03%	151.70%	99.17%	99.58%	92.12%	98.67%	99.45%	99.58%	102.10%	99.56%	99.70%	99.44%	100.38%	75.97%	97.65%	86.00%
R&D	-	-	-	-	-	-	-	-	-	-	-	-	-	2.34	2.92	0.47	3.39	3.14	1.88	3.46	0.84	-	-
R&D as % of Total Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00%	0.00%	-0.00%	0.00%	0.00%	0.00%	-0.00%	0.00%	-	-
Interest Expense	591.00K	501.00K	724.00K	284.00K	1.88M	2.13M	2.88M	2.82M	2.98M	3.00M	3.11M	2.78M	1.79M	1.19M	514.00K	156.00K	156.00K	10.00K	36.00K	-	-	-	-
Interest Expense % of Total Revenue	0.41%	2.36%	2.32%	1.01%	-6.78%	-1.79%	1.97%	1.93%	-18.72%	5.37%	2.35%	34.06%	3.46%	0.82%	0.25%	-0.33%	0.06%	0.00%	0.01%	-	-	-	-

Balance Sheet

Currency: GBP	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: GBP	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	380.11M	280.00M	201.27M	350.21M	357.33M	358.65M	401.90M	343.83M	276.63M	400.60M	536.21M	520.66M	574.08M	663.63M	669.01M	712.92M	818.95M	969.09M	902.12M	1.12B	1.50B	1.76B	1.31B	1.25B	1.25B	1.29B
Total Liabilities	4.74M	7.27M	23.68M	29.32M	25.12M	356.00K	20.67M	330.00K	65.92M	59.70M	61.65M	71.36M	72.13M	40.02M	40.09M	41.78M	27.53M	1.48M	961.00K	1.22M	1.60M	1.53M	1.22M	1.19M	1.17M	1.51M
Total Equity	375.37M	272.73M	177.59M	320.88M	332.21M	358.29M	381.23M	343.50M	210.71M	340.90M	474.56M	449.30M	501.95M	623.60M	628.92M	671.14M	791.41M	966.65M	901.15M	1.12B	1.50B	1.76B	1.31B	1.25B	1.25B	1.29B
Cash	8.23M	19.24M	8.76M	18.64M	34.91M	9.09M	11.78M	12.15M	31.55M	18.55M	39.50M	30.02M	28.95M	18.01M	30.85M	69.36M	82.45M	41.87M	68.86M	88.84M	72.93M	74.55M	80.44M	42.28M	21.89M	124.27M
Total Debt	-	-	-	29.32M	25.12M	356.00K	-	-	50.84M	53.41M	52.72M	51.00M	50.00M	25.00M	25.00M	25.00M	25.00M	-	-	-	-	-	-	-	-	-
Net Debt	-	-	-	29.32M	-9.79M	-8.73M	-11.78M	-12.15M	19.29M	34.86M	13.22M	20.98M	21.05M	6.99M	-5.85M	-44.36M	-57.45M	-41.87M	-68.86M	-88.84M	-72.93M	-74.55M	-80.44M	-42.28M	-21.89M	-124.27M

Cash Flow

Currency: GBP	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	612.00K	528.00K	-396.00K	-9.63M	49.18M	50.52M	15.77M	42.23M	43.59M	12.14M	24.04M	52.05M	70.57M	107.25M	704.00K
Investing Cash Flow	-8.96M	1.14M	24.35M	24.68M	-389.90M	40.64M	14.70M	42.52M	44.15M	16.10M	29.00M	52.93M	68.89M	105.57M	161.07M
Financing Cash Flow	-1.13M	-2.74M	-34.89M	-2.21M	-10.67M	-37.44M	-53.17M	-17.29M	-20.49M	-24.88M	-22.89M	-50.30M	-107.41M	-127.45M	-58.66M
Capital Expenditure	0	0	0	658.20M	676.90M	516.10M	576.00M	0	0	0	0	0	0	0	0
Free Cash Flow	612.00K	528.00K	-396.00K	-9.63M	49.18M	50.52M	15.77M	42.23M	43.59M	12.14M	24.04M	52.05M	70.57M	107.25M	161.77M
Dividends Paid	-	797.00K	789.00K	394.60M	1.00B	0	0	0	0	-	-	-	-	-	-
FCF to OCF	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	22978.69%
Dividend Paid to FCF	-	150.95%	-199.24%	-4098.04%	2039.53%	0.00%	0.00%	0.00%	0.00%	-	-	-	-	-	-

Earnings

Report Date	Mar 3, 2014	Jul 21, 2014	Mar 14, 2016	Jul 22, 2016	Mar 7, 2017	Jul 18, 2017	Mar 9, 2018	Jul 18, 2018	Feb 20, 2019	Jul 19, 2019	Feb 19, 2020	Jul 17, 2020	Feb 23, 2021	Jul 20, 2021	Feb 16, 2022	Jul 18, 2022	Feb 16, 2023	Feb 20, 2025	Jul 22, 2025
EPS Estimate	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-	-	0.00	-
EPS Actual	0.00	0.00	0.02	0.04	1.90	1.43	1.41	1.28	-2.00	2.23	1.32	1.25	4.86	3.18	1.13	-6.91	0.56	0.00	0.63
Surprise	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Timing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Pre-market	Pre-market	-	Pre-market

Key Statistics & Ratios

Market Cap571.19M

Enterprise Value-60.36M

Trailing P/E3.34

Forward P/E0.00

Price / Sales3.27

Price / Book0.34

EPS8.95

Book Value34.59

Revenue (TTM)443.79M

Gross Profit (TTM)443.79M

Profit Margin96.93%

Operating Margin97.55%

Return on Equity29.34%

Return on Assets18.19%

Shares Outstanding19.10M

Shares Float6.81M

Beta0.69

Dividend Yield0.00%

Dividend Rate0.00

Payout Ratio0.00%

Dividends

20131×

0.01Apr 10, 2013

20121×

0.01Apr 4, 2012

20102×

0.00Apr 5, 20100.22Apr 1, 2010

20091×

0.05Apr 8, 2009

20081×

0.01Apr 9, 2008

20071×

0.01Apr 11, 2007

20061×

0.01Mar 29, 2006

20051×

0.00Mar 23, 2005

20041×

0.00Mar 24, 2004

20031×

0.01Mar 26, 2003

20021×

0.01Mar 20, 2002

20011×

0.01Mar 21, 2001

20001×

0.01Mar 20, 2000

19991×

0.01Mar 22, 1999

19981×

0.01Mar 23, 1998

19971×

0.01Mar 17, 1997

19961×

0.01Mar 25, 1996

19951×

0.01Mar 27, 1995